Fintech provider Focus Solutions has today (November 13) launched a personalised client portal and Wealth Hub.
Dave Upton, managing director of Focus Solutions, said the portal - focus:wealth - allows wealth managers to "identify and engage" with clients more efficiently by providing a range of features such as personalised suitability letters and tailored communications at an individual level.
Mr Upton said: "We have built focus:wealth on the same tech stack the powers the rest of our software - that means firms can have a fully integrated, fully joined up advice and discretionary fund management (DFM) offering sitting on a shared collaboration platform.
"A lot of private client businesses are trying to bring new propositions to market, built around a disconnected toolset, which means they are building inefficiency into the heart of what they are doing."
The Wealth Hub, also launching today, is a collaboration of three technologies, Focus Solutions, BITA Wealth and IMiX, which provide client portal, risk profiling and management and portfolio management, respectively.
Mr Upton said: "The Wealth Hub partnership adds best-in-class portfolio and risk management capabilities from IMiX and BITA, making this an important development for the industry.
"It gives massive control and efficiency to your business in the way that it brings together all of the elements required to monitor your business and do suitability and quarterly reporting packs whilst retaining a full audit trail.
"The level of control it gives you lets you get it right first time, every time. Our approach unlocks the next generation of private client strategic initiatives."
Patrick Connolly, head of communications at Chase de Vere, said: "Advisers and wealth managers need to be using technology effectively to become more efficient and to provide the best level of ongoing service to their clients.
"New integrated solutions from experienced providers, such as this, are very welcome as they provide greater choice. However, advisers must pick their partners carefully, ensuring it is the right fit for their business and that they are putting their clients at the forefront of everything they do."
